Coastal Waterfront property values

                                            Current                                        2006 
                        Inventory      Ask. Price     DOM        # sold    Avg Price.    DOM
Southern Maine         81          987K            153           71           784K         136
Northern Suburbs     38          1.04 M          158           37           1.1M          112
Lower Mid Coast       69           712K            196          52            730K         148

Other than a significant price differential in Southern Maine, attributed partly to a large portion of current multi million dollar asking prices, current market conditions are similar to 2006 results.  Inventory levels are just slightly higher than total properties sold in 2006 and thus one can expect to see a continued increase in Days on Market by extrapolating out the absorption rate to slightly under 1 year.

Search criteria used: All waterfront property for the given areas:
Southern Maine – Kennebunk, Kennebunkport, Wells, Biddeford, Saco, Scarborough
Northern Suburbs – Falmouth, Cumberland, Yarmouth, Freeport
Lower Mid Coast – Harpswell, Phippsburg, Georgetown
DOM – Days on Market